there are lots of moving parts at navistar right now. including inapability to get certification on big rig truck engines. in a recent court hearing, the epa estimated navistar could lose $3 billion of revenue if its engines do not get certified. if that happened, that would be the end of the line. navistar does not have the cash or borrowing capacity to absorb such a catastrophe. they will not address this issue but a spokesman did say it is important to the future of the company things get resolved in a timely manner. >> what's timely? >> hold your horsepower. i hear your story, great piece on cnbc.com. the stock is down 44%, not 94%. still a $21 stock. there are still people seeing value in the equity. >> that's right. >> the stork is not a dime, not a dollar. >> sometimes people see value in equity. there are people like people who give me credit and look at the balance street. >> if mr. market saw this company wouldn't the stock be down 90% because equity is the first to go because it's worthless. >> you look at a situation like thi

is there >>> there is navistar. that stock is up 10% today.hatter out there about what navistar may do whether or not it's going to make a deal with cummins. there has been reports they would hire or have hired some transactions -- either way, you know that herb greenberg has been very active saying analyst have been negative on the name. not feeling good today, but good enough to join us by phone, why is the stock soring today? >> there's a lot of chatter they will start buying engines for cummins. they site comments from two leading fleet industry executives. one of them said he was told by navistar this will happen next year. if this were to happen, this would be a really big problem for navistar because the whole company has controversial engines for big rigs. they gave me the standard comment, but the important part of all of this is with it's balance sheet, if this were to happen, they would have to stretch it more to buy the engines, but it's also complicated. no one knows what happened here. this creates greater dynamic to a story that

. >>> plus a facebook bull putting his money where his mouth is and herb's navigating navistars, bumpy road ahead, mandy. >> hello, everybody, happy friday. modest comeback mode following the second worst day of the year on thursday. the dow on track to end the week with a more than 1% loss, the biggest of the major averages, though the market's gains aren't nearly enough to make up for yesterday, all ten of the s&p 500 large cap sectors are trading higher and unlike the dow and the s&p 500 the nasdaq is trading higher for the week and on track for its third straight weekly gain. we get out to mary and rick santelli. mary, on the banks first of all, obviously they're doing very well, but i'm wondering whether this is kind of like it's not that it's great news, just that it's not quite as bad as we were expecting. >> no and keep in mind, mandy, this downgrade had been telegraphed by the banks for quite some time and a number of them had submitted sec filings well over a month ago indicating what a potential downgrade to their debt by whatever notch they were eventually downgraded by, wh

shares of semi-truck maker navistar took a hit today after an environmental protection agency ruling was knocked down by a federal appeals court. the rule would have allowed navistar to sell heavy-duty diesel engines even though they do notomply with pollution standards. it is a win for the company's competitors, which fought the rule and spent hundreds of millions to meet e.p.a. standards. >> susie: lots of winners on wall street today. the markets took off wiping out all the losses from yesterday. look at the dow components all but one united technologies were in the green. good day for a lot of investors. >> tom: more optomism in the market with not a lot of news ahead of the greek election. let's take let's take a look at what else is happening with stocks in tonight's "market focus." a day of optimism helped stock prices recover after monday's steep drop. it took about and hour and a half before the s&p 500 found its footing today on the heels of chicago federal reserve bank president charles evans saying again he supports more help for the economy. that pushed the index up for

i'm trying to decide if i should go with west port or navistar. >> if you do navistar, i want you to do it in calls. why calls? because they do not have the technology specs that cummins has. they're going to get hurt technologically wise. deep in the money calls. try getting back to even. i've got the recipe. it's more conservative than owning the common stock. sick of rumors? i say let them go their own way. they aren't investable. check out the 52-week high list for a hot list of nonrumor, rumor resistant names. not everything is vulnerable to the mess in europe. you've got to believe me about this. "mad money" will be right back. >>> coming up, bottoms up? after falling nearly 10% from its highs this year, the s&p has been treading water. but is it all about to change? tonight, cramer ticks through the technicals to see if we could be headed higher from here in a critical edition of "off the charts." and later, luck of the irish? providence resources needed more than four leaf clovers to strike oil off the coast of ireland. and now it's undertaking the largest drilling program ev

navistar, the sharks are circling. what is your take?be jim has a take. >> oh, oh -- i'm sorry. >> no. we touched on it yesterday talking about the sharks circling the company. >> that is a great piece. >> we have the -- >> great piece. >> a piece on cnbc. >> have you looked at page 25 of that -- >> thank you. this is a slide. >> look at the stock going higher. why? everyone's decided to -- that's another one of those stupid things. risk on. risk. >> i have never said that, by the way. >> i know you haven't. you know how stupid it is. stocks is risky. cash is not risk. what does that mean? that's some portfolio -- >> bacon sundae it's a sell, sell, sell. kichan people say is buying. they didn't get the certification. >> oh, oh. ceo has a great incentive to sell the company. if there's a change of control, he gets $18 million. if there's no change -- >> got to go. quickly, when's on "mad money" tonight? >> spectra energy. you see cuomo getting the southern tier of new york. they get marcellus gas and shipping it out of canada to asia. thi

last sunday we saw a huge plunge lower and things like landstar and navistar. see this type of basic on the ground barometer like trucking trade this poorly, i think it is a sign the united states economy is slowing down because of the rest of the world and it encouraged no add to short positions. last friday, i added to index shorts based on the truck fall. >> when we talked about it on the show last friday, ryder sort of spooked the market with that warning and raised real concerns about commercial rentals. >> absolutely. that's why they fell off. they see the economy slowing. i've been short comments. i've been covering because i put a short on something else and getting too short. the data has been slowing, the trucking data has been slowing for months. i agree with steve on this, except separate between the 48 haulers like land star and manufacturers like navistar and cummings. >> the euro is falling today after they saw weakening demand and they plan to meet thursday to discuss the ongoing crisis. let's discuss more about how to trade the news out of euro

truck-maker navistar international hit the brakes on its financial forecast today. the company has been under pressure thanks to warranty expenses for a new engine. that new engine is supposed to meet e.p.a. smog guidelines but at a lower price. the e.p.a. has not yet given the engines an okay. shares certainly hit the brakes, falling 14.4%, hitting a new 52 week low. demand for commercial trucks has softened; additionally, the firm announced an upper management shake-up, but c.e.o. dan ustian remains in place. rival engine maker cummins bounced up more than 1.5%. shares had been at a five month low earlier this week. a couple of very different clothing retailers had their shares headed in the same direction. yoga athletic wear firm lulu- lemon fell almost 9% after warning big sales growth is slowing this quarter. first quarter same store sales were up 25%. it expects this quarter sales to slow to low double digits growth. men's wearhouse fell almost 19% after a weak profit outlook. the company blames a drop in sales of uniforms in the united kingdom for the disappo

truck maker navistar dropped and cut its full year outlook. >>> health insurer molina tumbled 31% after recalling its 2012 earnings guidance. on the nasdaq invidia dropped 4% after an analyst sliced the company's price target. best buy's founder and chairman resigned saying he's exploring options for his 20% ownership stake raising the possibility of a future takeover. >>> consumer borrowing increased more slowly in april suggesting americans may be wary about the credit card spending in the wake of soft spring hiring. >> finally, the texas department of transportation announced this week the speed limit on part of a toll road being built between austin and san antonio will be 85 miles per hour. that would not only make it the highest posted speed limit in the u.s. but the second highest in the world. >>> coming up, the brewers club the cubs. the white sox walk off. the first for one cincinnati pitcher. plus, lebron james turns up the heat on the celtics. your early morning headlines are ahead. >> the weekend is all about summer. the heat is returning to the middle of the country. your

truckmaker navistar international cut its outlook. insurer molina suffered 21%. nasdaq, invidia slipped 4% after an analyst slashed the company's price target. best buy's founder and chairman resigned saying he's exploring options for his 20% ownership stake raising the possibility of a future takeover. >>> consumer borrowing increased more slowly in april suggesting americans may be wary about the credit card spending in the wake of soft spring hiring. >> finally, the texas department of transportation announced this week the speed limit on part of toll roads being built between austin and san antonio will be 85 miles per hour. that would not only make it the highest posted speed limit in the u.s. but the second highest in the world. >>> coming up, the brewers club the cubs. the white sox walk off. and a first for one cincinnati pitcher. plus, lebron james turns up the heat on the celtics. your first look at sports is straight ahead. you're watching "first look" on msnbc. now you can apply sunblock to your kids' wet skin. neutrogena® wet skin kids. ordinary sunb

. >> carl, you have navistar up. i know david's probably been talking about this. reports out that it had hired investment advisers about possible asset sales. stocks down 51% year to date. it's up about 7.5% now. there's talk on the wires that it maybe reached an engine deal with cummins. and renewed chatter that it took over -- you get about a 7.5% move for navistar. 4% for cummins. maybe we'll get another deal for navistar this year. >>> the euro taking a turn for the better in the wake of the eu summit. how long will the euro run? what's your trade here? let's get the "money in motion" trade. boris joins us from new york. i love this quote which you say was the best quote you heard about the eu summit. a decisive solution using a fund that doesn't exist to buy debt that won't be repaid via a mechanism that hasn't been agreed to. >> right. >> do you think this is -- is this substantive at all? >> it is substantive. despite that quote and despite the massive wall of skepticism, the euro is up substantially. the move last night was a game changer for the time bein

for navistar said events the big stopple the klan rallies march in exchange building in the financial district at the julia morgan ballroom his visit will bring out some big bay area names including willie mays governor jerry brown and deadly baldest fund-raisers today are sold out the take a look at these prices to attend the cost for general admission is $5,000 to attend the perception and $7,500 and if your table captain will cost about $50,000 and that we said he has about four hours and air force one is expected to landed seven it's as good as before 12 and john will tell us more about those road closures the you expect during lunch time lies at that sfo cbs five. to equate some phone records involving ross mercury me and is by will be part of the ethics commission and the suspended san francisco share of a superior court judge ordered at&t to release the records of calls and text messages for mercury in the end of yeah look. has the records will have dates and times of the calls but not the contents time now is 610 more flaws found out pg&e pipelines and the discovery prompted e

that's the latest in san is a back to. 640 navistar wall street this morning a disappointing jobs reports just the amount and no contracts not a problem when carriers plan to carry in iphone without any commitments. the market opened about 10 minutes ago that set up the bare. well no bears a marked today weighed down the doubt about a hundred 77 points lower deck elin jason brooks and when deck elin jason brooks and when we come [ bell ringing ] ♪ in a world where ♪ there is so much to see ♪ there's still no other place ♪ that i would rather, rather ♪ rather, rather be ♪ [ male announcer ] dip into sabra hummus and discover a little taste of the world. enjoy sabra dips. adventure awaits. [ male announcer ] it's one thing... to have created an icon and quite another to have done it generation after generation. to the long line of legendary mercedes-benz sl roadsters... ♪ information on the black bear and it triggered a playground look down and bigger still apparently animal control told the l.a. times that the bear in arrived in town by train. did wait i wonder if there was a first-class

. ♪ >>> >>> okay, let's look at the disaster today, that is navistar.uling that says that they cannot sell truck engines that does not meet the epa standards. they will ask for a rehearing. >>> and in one massachusetts town, the

i have to tell you the manufacturing of wheels has fallen off the truck as have the sales of navistar week. cars are better than trucks now. trucks are weak. ray in texas, please. >> caller: hey, jim. i was going to say boo-yah, but i'm saying boo-hoo. i had ford at 18. you saw it going up into the high 20s. >> i got it wrong. i got that wrong. i didn't see europe coming. ford's sales in the united states have been blistering. profits have been blistering. i was too ethnocentric. i also didn't see latin america being that weak. i think i have been pretty out there apologizing about how i believed and didn't see the big european and latin america problems coming. pep boys should shut up and learn to drive -- at least some profits. i don't see it happening any time soon. if you want to own a company that's in the repair business and the parts business, you know, this is the secondary market, not the original. go with the zone. not with many, mo and jack or larry, curly and shemp for that matter. stay with cramer. >> announcer: coming up, the clock is ticking. call cramer at 1-800-743-cn

trucking like navistar. cummins, they haven't been hot.ut the truck fleet in america is older than it's been in 20 years. eventually they have to buy new vehicles. changes in emissions standards will cause them to upgrade which is more business for eaton. the bottom line. eaton has a lot going for it here from the cooper industries deal to the ex-moe sure in trucking, aerospace. the reason the stock is good is because it's come down so far it's an accidentally high 4% yield as of today. that's the level where it becomes secure to own an industrial like eaton. buy them when they're scorned not loved. eaton is scorned as it's been in years. that's the time to buy. richard in florida, please. >> caller: boo-yah, jim. >> down your way there, sunshine. what's up? >> caller: i'm calling about bgc, general cable. they beat the last quarter earnings and they have acquired a couple of companies. what do you think, jim? >> big ugly industrial. way down on its luck. if you can take a little bit of pain because they have a lot of europe. take a little

the stock is down on the news, mark my words on navistar, it will only get better and better.owing. >> it better for who? troy sellers? >> we don't know. so many dynamics, will the company file been talking about it, keep watching it, good story. >> thanks for bailing me out. you're a good guy, herb. i appreciate it. the dow still hovering at session highs, and eye giving up on gm could make good sense. >>> all right, breaking news right now in the markets, egan jones downgraded germany's rating to an a plus. citing merkel's tension with other states. they think when the members get together they will gang up on germany and putting pressure on germany and germany may take an outsized exposure, so germany's rating downgraded from an a plus to an a minus. rough ride this year for the u.s. auto maker, gm down 3%, and ford is up more than together that. should these companies get out of europe all together. we have two guests with us. europe's chief correspondent for auto news, he wrote a fascinating peace about just this. i'm going to start off with you, luka. should general moto

. >> certainly not -- navistar's. >> this is a tough one. >> this is an interesting one.s are circling. management credibility here and i want to tell you something. look at the jp morgan report today, an upgrade. >> yeah. >> when you read it, read between the lines. talking about deals and valuation and talking about management. she just mentions management. the issue about whether you're going to have board upheavals here -- >> icon. >> that's the stock. chesapeake revisited? there was a slide in the company's presentation to investors on their earnings last week. page 25, listen to this. take a look at the chart there. you have new management on one side and when i say made some management changes. the ceo and cfo, they have support services filtering up to them. some people look at that saying that's saying something. >> yeah. speaking of filters, real issue here i have, technological filter. diesel engine. the waiver of the epa. cummings with superior technology. you know in my world cummings is key. these guys don't have the -- they got to have the right engine. >>

i don't like navistar. and you need to wait until the quarter to buy cummings, which isn't down enough. wednesday brings us eurozone retail sales. right now in spain, they are talking about raising the retail sales tax. i think that would be disastrous, given how weak the spanishx!i<újl#f%wgd8Ñ%5 >> so while i expect the industrials to be hammered by this number, i think they will catch a bid the following monday. i don't want you to buy any industrial stocks. the numbers are too high. next week is the last one before earning season kicks off, so use any strength to sell stocks because the techs, the banks, the oil and gas names, and keep an eye on europe, where the fourth of july is, unfortunately, just another sorry day of the week over there. let's go to hans in georgia. hans? >> caller: yes, boo-yah jim, from atlanta. how are you? >> good. how about you? >> caller: great, thank you. my question has to do with interest rates. are interest rates determined by the federal reserve and their policy or more d

. >> grasso, navistar. >> terrible chart on this stock. most guys lined up this short.n reap the benefits of being short because it was a real quick one or two-day flip the switch neck breaking, back turning straight back up. if you had to play this, play it with a range bound. 30 1/2 to the upside. 26.80 to the downside. i don't know if you should be long or short. i wouldn't be long personally. >> dr. j., nvidia. at the highs of the day. getting a litlitle bit of a pop. >> i'll credit brian blair. i like the stock. i also like the ubs upgrade today, judge. they put a 15.50 target and a buy from neutral on it today. >> all right. granger dropping 4%. cortes? >> big slide in this name that is a supplier to construction sites. i think it's material. they disappointed with may sales figures. for me the takeaway is not to trade grainger but xhb. >>> an oregon woman was recently busted for what could be the largest tax fraud in state history. crystal reyes filed her return using turbotax, falsely claiming a refund of $2.1 million. miraculously, state officials granted her t

navistar. one of the proteges upped its interest.her that fought over lion's gate now kind of on the same team around nivistar. that stock has been hammered over the last 12 months. but now you've got icahn and one of its proteges taking stake. i know you guys are younger than i am. simon, what is it called, frenemies? what does your generation call these people, frenemies? >> how old is he? >> older than you think. >> he looks fabulous. >> how close are you to carl icahn? >> what do you mean? i speak to him, interview him. >> he's on fast money all the time. >> he's on often. >> thank you very much. >> up modestly on safe havens for this weekend, big greek elections. with bernanke on deck, what is happening in the metals and oil markets? laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] get the mileage card with special perks on uni